Govt to sell 2.5% stake in HZL, floor price fixed at Rs 505
The government will sell up to 2.5 per cent stake in Hindustan Zinc Limited (HZL) at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at the floor price.
The two-day OFS will open for institutional bidders on Wednesday and for retail investors on Thursday.
“The government will divest 1.25 per cent equity with an additional 1.25 per cent as greenshoe option,” Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on X.
Shares of HZL closed at Rs 559.45, up 2.99 per cent over previous close on the BSE.
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